The Economic and Financial Crimes Commission (EFCC) has declared Mrs. Margaret Emefiele, wife of the former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, wanted for alleged money laundering. According to EFCC’s spokesman, Mr. Dele Oyewale, speaking in Abuja, “Three other persons had been declared wanted alongside Margaret on the same office.” Read More…
Nigeria’s Central Bank has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank for non-compliance with banking regulations and corporate governance failures. The affected lenders are privately held and have come under government control in the past. According to a statement by the Central Bank of Nigeria (CBN), the Board and Read More…
The Nigerian Army issued a stern warning to candidates participating in the 86 Regular Recruits Intake, cautioning them against engaging in manipulative or fraudulent activities that could compromise the recruitment process, as stated by Maj.-Gen. Onyema Nwachukwu, Director of Army Public Relations in Abuja. The statement was prompted by a circulating video on social media Read More…
Mr. Babatunde Irukera, the Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), has cautioned consumers about an impending surge in counterfeit online stores aiming to deceive shoppers during the ‘Black Friday’ sales frenzy. In a statement released Thursday in Abuja, Irukera highlighted the FCCPC’s receipt of credible intelligence indicating a projected Read More…
In a recent ruling at the Ikeja Special Offences Court, a 25-year-old man, Babatunde Shittu, was sentenced to one year in prison for engaging in and benefiting from a $5,000 cryptocurrency fraud scheme. Shittu, who had falsely portrayed himself as a cryptocurrency investor and produced fraudulent documents to defraud the public, pleaded guilty to the Read More…
The Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, has arrested a 39-year-old Pastor, Michael Ogundepo, on allegations of orchestrating a visa scam. In a statement issued on Monday in Akure, DSC Aidamenbor Daniel, the Command’s Public Relations Officer (PRO), revealed that the suspect had solicited N1.67 million to facilitate a visa application Read More…
A 46-year-old businessman, Ekenedilichukwu Johnpaul, found himself in legal turmoil on Friday as the Lagos State Police brought him before an Ikeja Magistrates’ Court, accusing him of procuring a Toyota Hiace worth eight million Naira through fraudulent means. Residing in Igala Estate, Ejigbo, Lagos State, the defendant stands charged with conspiracy, obtaining by false pretenses, Read More…
The proceedings for the case of procurement fraud against Nigeria’s suspended and detained central bank governor, Godwin Emefiele, encountered a setback on Wednesday, with no new hearing date being set. Emefiele was scheduled to present his plea on Wednesday, but he did not appear in court, and his case was notably absent from the court’s Read More…
A 45-year-old man, Adefowora Adelaja, was brought before the Ikeja Magistrates’ Court on Wednesday, accused of deceiving and obtaining nine million Naira through dishonest means. Adelaja, whose residence details were not disclosed, faces two charges: one for obtaining money under false pretences and another for theft. However, he entered a plea of not guilty. The Read More…
Oladipo-Daniel Oyebanjo, better known by his stage name as D’Banj, has been detained as part of an ongoing investigation into the misappropriation of money for the N-Power programme, according to the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This assertion was made in a statement issued by the Commission’s spokeswoman, Mrs. Azuka Ogugua, Read More…
